This is a very optimistic development for all real estate agents in the Santa Rosa area.
According to my appraiser, values of pre-Hud double-wides over 1,000 sq ft in two specific senior parks in Santa Rosa are UP 30% in the last 60 days.
As I reported earlier, the lender was very skeptical about this sudden spike in prices. It caused the appraisal to be reviewed, reviewed, and re-reviewed with a great deal of skepticism.
BREAKING NEWS:
The lender emailed me just now saying: "APPRAISAL CLEARED" !!!!
This is a 1974 Double-Wide in Rancho San Miguel, selling at $50,000. Last December, the same home would have appraised no higher than $35,000.
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